Howard Hughes Corporation asserts that Woodlands Development Company secured a $55 million loan

Things are looking up again!  A big announcement coming out of Howard Hughes Corporation (NYSE: HHC) asserts that Woodlands Development Company secured a $55 million loan for 4 Waterway Square and 9303 New Trails.  Word on the street says, “The loan provides long-term, attractive financing on key assets 4 Waterway Square and 9303 New Trails,” said Alex Sutton, president of The Woodlands Development Company. “Proceeds from the loan will be used in part to fund the equity for the recently announced 3 Waterway Square office building, which is scheduled to start construction during the first quarter 2012.”

All of this comes on the heels of The Labor Department announcement that the unemployment rate in November fell 0.4 percentage points to 8.6 percent, “the lowest unemployment rate since March 2009.” Moreover, it is reported that the economy has added private sector jobs for 21 straight months!

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